USAID Gives $1m Grant to 20 Farmers, Entrepreneurs

By Adedapo Adesanya The duo of Aradel Holdings Plc and 11 Plc landed the NASD Over-the-Counter (OTC) Securities Exchange in the green territory by 0.84 per cent on Monday, November 27. The two energy stocks overpowered losses posted by two other securities admitted to the alternative stock exchange, leaving the NASD Unlisted Security Index (NSI) closing higher by 7.22 points to 864.51 basis points from 857/29 points, as the market capitalisation of the exchange increased by N9.78 billion to N1.171 trillion from N1.162 trillion. Aradel Holdings Plc saw its share price continue to soar as it rose by N28.80 to

By Dipo Olowookere Dangote Refinery and Petrochemical Limited will be listed on the floor of the Nigerian Exchange (NGX) Limited in the future, the Chairman of the company, Mr Aliko Dangote, has revealed. Mr Dangote, who is the richest man in Africa, confirmed this in an interview with the Financial Times published on Saturday. The refinery will join other businesses of Mr Dangote currently trading their equities on the NGX, Dangote Cement, Dangote Sugar, and NASCON. The oil facility, believed to be worth about $20 billion, was launched in May 2023 by the immediate past president of Nigeria, Mr Muhammadu

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange fell into the danger zone on Tuesday, November 28, as it recorded a 1.14 per cent loss after the price of three securities on the platform closed lower. This chopped off N13.33 billion from the NASD OTC securities exchange at the close of transactions, going down to N1.158 trillion from the N1.171 trillion it ended in the previous session. Business Post reports that the effort of a price gainer yesterday could not save the NASD Unlisted Security Index (NSI) from declining by 9.84 points to 854.67 points from the 864.51 points

According to psychologists the first journey as a couple is a very important milestone in the development of your relationship. Both stress and unusual situations frustrate us and highlight character traits, you have never noticed before. If the relationship has a serious long-term potential, then the first journey is a litmus test: this trip will show you how each of you reacts to stress and most importantly – whether your reactions can coexist or not. You don’t have to live a conjoined life – spend some time apart Perhaps you are madly in love with each other. However, living a

By Dipo Olowookere Bonds worth N450 billion to N540 billion would be issued for sale by the Debt Management Office (DMO) in the second quarter of 2021. The Nigerian debt office announced this development in a circular released on Wednesday, where it stated the amount to be borrowed by the federal government between April and June 2021. Funds raised from the bond sale are expected to be used to finance the deficit in the 2021 appropriation act signed by President Muhammadu Buhari last December. Business Post reports that in the 2021 budget of N13.6 trillion, the sum of N5.2 trillion

By Adedapo Adesanya Thursday’s session at the NASD Over-the-Counter (OTC) Securities Exchange ended with the bulls and bears sharing the spoils. The NASD Unlisted Securities Index (NSI) held up its position as it stayed at 728.14 points, the same points it recorded on Wednesday, just like the market capitalisation closed flat at N522.45 billion. This happened as only three deals were made during the session at the exchange compared to the 13 deals achieved at the preceding session, indicating a 62.5 per cent drop in the executed deals. All the deals were executed on stocks belonging to Central Securities Clearing

By Adedapo Adesanya Top consumer platform, Quickteller, has opened its platform for the sales of Joint Admission and Matriculation Board (JAMB) electronic personal identification numbers (e-Pins), which allows for easy purchase of the examination forms. This means candidates intending to sit for the 2020 Unified Tertiary Matriculation Examination (UTME) and Direct Entry (DE) examinations can now obtain the required JAMB e-PIN from the comfort of their homes via the Quickteller payment platform. According to Mr Olawale Akanbi, Group Head, Quickteller Marketing, “Quickteller is committed to ensuring that payment is one less thing to worry about for our customers. One of

By Dipo Olowookere Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Maikanti Baru, has assured consumers that the agency will ensure there was no shortage of petroleum products across the country. Mr Baru gave this assurance on Tuesday in Abuja at the end of the 24th, 25th and 26th Annual General Meeting of its downstream subsidiaries, the Nigerian Products Marketing Company (NPMC) and the Nigerian Pipelines and Storage Company (NPSC). He described both subsidiaries as the “sole vehicles through which the NNPC was currently satisfying its obligation of being the supplier of last resort to the nation.”

By Dipo Olowookere The gains recorded by the Nigerian Exchange (NGX) Limited on Tuesday were reversed on Wednesday by 0.43 per cent following profit-taking by investors. It was observed that traders sold off shares in the banking and industrial goods sectors, leading to a respective decline of 0.2 per cent and 0.01 per cent. As a result, the All-Share Index (ASI) was weakened by 288.69 points to 66,482.28 points from 66,770.97 points and the market capitalisation fell by N158 billion to settle at N36.386 trillion compared with the preceding day’s N36.544 trillion. Business Post reports that there were pockets of

By Adedapo Adesanya The Nigerian Content Development and Monitoring Board (NCDMB) has joined forces with Siemens Energy to train 60 primary school teachers in Bayelsa State. The training is targeted at introducing innovative teaching of Sciences, Technology, Engineering and Mathematics (STEM) education to the young generation. The programme, which takes place at the NCDMB headquarters, Swali, Yenagoa, Bayelsa State, comes under the umbrella of Experimento Initiative, is an international education programme offered by Siemens Stiftung and Empowering Africans Through Education Initiative (EATEI). The initiative is geared toward applying modern approaches to STEM education and providing educators with practical training and

By Aduragbemi Omiyale The spotlight was on Stanbic IBTC Holdings Plc at the recently concluded 5th Annual FMDQ GOLD Awards ceremony themed Recognising Excellence in the Fixed Income, Currencies and Derivatives Markets and held at Eko Hotel and Suites, Lagos. The company, which is a member of the Standard Bank Group, went away with four awards at the event attended by several stakeholders in the financial industry in Nigeria. Stanbic IBTC was honoured for its significant performance throughout the year by being awarded Best Overall Liquidity Provider (Secondary Market Champion), FMDQ Dealing Member of the Year, Best Fixed Income Liquidity